jobless claims not dropping much

Its June. I figured weekly jobless claims would be down toward 500k by now. Don't we need to get down to about 400k or less to keep the unemployment rate stable at best? I am guessing that 500k a week would be consistent with about a 0.15% increase in unemployment rate each month. Looks like 10.4% end of year unemployment is a lock. Seems like employment has trended worse than expected from start of year.

Also, I assume that unemployment insurance is supporting the 3 million workers layed off in last 6 months. What happens toward end of year when that runs out for these people? There will be few new jobs. Then an entire new wave of households won't be able to support themselves. More foreclosures ect.

i have an idea, the DHS can expand by hiring an additional 3 Million citizens, that way they can purchase some 2 Million GM cars, and put a DHS employee or two in each one and have them drive around, randomly selecting other citizens for screening, even search other DHS employees for hazardous material like bottled water

If i have a business with 10 employees and I have to cut back 7 employees 1 week and only 2 employees the next week, does that mean my business is recovering because i cut back less employees the second week even though i only have 1 employee left?

Thats what these economists are trying to spin when they say these jobless claims are down and we are recovering

If i have a business with 10 employees and I have to cut back 7 employees 1 week and only 2 employees the next week, does that mean my business is recovering because i cut back less employees the second week even though i only have 1 employee left?

Thats what these economists are trying to spin when they say these jobless claims are down and we are recovering

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if the 9 employees you lost have an IQ over 40, they will be hired by the DHS, if the market knew this S&P500 would be @ 1800